Time To Sell XRP? 3 Indicators Are Flashing Strong 'Take Profits' Signal
XRP slipped under its short- and mid-term exponential moving averages on Wednesday, marking a loss of bullish momentum after last week’s rejection at the descending resistance line near $2.55. Price action around $2.53 coincided with weakening momentum indicators — a bearish MACD crossover, RSI falling toward neutral, and moving averages turning down — which together are signaling near-term downside pressure.
The move matters because a sustained close below these EMAs would put bears back in control and increase the likelihood of a deeper corrective leg. Short-term traders should watch for confirmation of the breakdown, manage position sizes, and consider taking profits or tightening stops; longer-term holders will want to monitor key intraday support and overall market sentiment for signs of stabilization before adding exposure.